Mega Matrix Allocates $2 Billion for Ethena Stablecoin Governance Strategy

Mega Matrix, a publicly traded company transitioning into digital assets, has registered a $2 billion shelf offering with the SEC to fund a stablecoin-focused treasury strategy. This move underscores the increasing trend of firms investing in digital asset reserves. 10% of these funds will be directed towards accumulating Ethena’s governance token (ENA), allowing Mega Matrix to benefit from revenue generated by the Ethena stablecoin ecosystem.